Resolute Update on COVID-19 Temporary Impact to Operations

Resolute Forest Products Inc. has provided an update on the impact of the COVID-19 pandemic on its businesses. While certain governmental authorities in Canada and the U.S. have ordered the closure of all non-essential business operations, in regions where Resolute operates, they have also recognized the importance of the forest products sector in the fight against the coronavirus pandemic. Resolute expects to continue to operate in all of its business segments – pulp, tissue, wood products and paper – in Canada and the United States. However, the company expects to take certain temporary steps to reduce its operational footprint to demand levels consistent with essential needs for the duration of the crisis. The company will adjust capacity dynamically based on the conditions and rapid evolution of the situation, but most of the capacity reduction is expected to come from the wood products and paper segments. The temporary capacity reductions will be implemented over the coming days and will be announced locally.